Matt Damon Sells Miami Compound

It took almost two years and a price cut of a million bucks, but actor Matt Damon has at last sold his double-lot property on Biscayne Bay in Miami Beach.
The buyer: mortgage mogul Patrick Markert, the Wall Street Journal reported. Concurrently, Markert sold three linked high-rise condos for $27.5 million; he wanted a single-family home like Damon's to raise his family, the paper said.
It seems to be a good place for that: Damon started his own family there. He met his future wife, a bartender named Luciana Bozan Barroso, while filming in Miami in 2003. He bought the Miami property, known as Maravilla, in April 2005, and in September of that year he and Barroso became engaged. In December 2005 they wed, and they welcomed the first of their three daughters, Isabella, in June 2006.
In 2012, Damon bought a house just down the street from his best friend, Ben Affleck, in coastal Southern California. He listed Maravilla in April 2013 for $20 million. In November of last year, he cut the price by $1,001,000, to $18,999,000.
The amount paid by Markert, CEO of AmeriSave Mortgage, is undisclosed.
The five-bedroom main house was built in 1935. The compound, created by uniting two separate parcels, also has a two-bedroom guest house and a pool house.

Locals speculate that the property is a teardown, bought for the unusually large lot. A mansion of nearly 22,000 square feet is apparently allowable, compared with current square footage of just 12,705.
"The property located at 6020 North Bay Road has great potential, a fact that I am sure would not be overlooked by buyers in this price range," wrote local real estate agent and blogger Lucas Lechuga.
Click here for a slideshow of Maravilla, the estate that Matt Damon just sold in Miami.